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Telangana Board - Social Science

11. The Government Budget and Taxation

1. Our Earth
2. The Natural Realms of the Earth -Lithosphere
3. Hydrosphere
4. Atmosphere
5. Biosphere
6. Agriculture in India
7. Industries in India
8. Service Activities in India
9. Credit in the Financial System
10. Prices and Cost of Living
11. The Government Budget and Taxation
12. Changing Cultural Traditions in Europe 1300-1800 CE
13. Democratic and Nationalist Revolutions 17th, 18th and 19th Centuries
14. Industrialisation and Social Change
15. Social Protest Movements
16. Colonialism in Latin America, Asia and Africa
17. Impact of Colonialism in India
18. Expansion of Democracy
19. Democracy - An Evolving Idea
20. Human Rights and Fundamental Rights
21. Women Protection Acts
22. Disaster Management
23. Traffic Education

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Q. 124.0( 5 Votes )

What is the effec

Class 9th Telangana Board - Social Science 11. The Government Budget and Taxation

Answer :

The unaccounted money that circulates in the market is referred to as black money.

The effect of black money are:

a. Black money means a substantial loss in revenue for the government.

b. shortage created by black money is resorting by raising more indirect taxes, that increases the burden on middle and poor class people.

c. Black money results in the transfer of funds from India to foreign countries.

d. Black money has also corrupted our political system.

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